Ouster, Inc. (NYSE:OUST – Get Free Report)’s stock price rose 6.3% during mid-day trading on Friday . The stock traded as high as $10.54 and last traded at $10.51. Approximately 186,612 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,556,532 shares. The stock had previously closed at $9.88.
Analysts Set New Price Targets
OUST has been the subject of several analyst reports. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and cut their target price for the company from $12.00 to $10.00 in a research note on Monday, November 11th. Rosenblatt Securities reissued a “buy” rating and set a $17.00 price objective on shares of Ouster in a research note on Friday, November 8th. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, Northland Securities started coverage on Ouster in a report on Thursday, December 12th. They issued an “outperform” rating and a $14.00 price target for the company. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $13.17.
Read Our Latest Report on Ouster
Ouster Stock Up 3.9 %
Ouster (NYSE:OUST – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. Ouster had a negative net margin of 106.50% and a negative return on equity of 65.17%. The business had revenue of $28.08 million during the quarter. During the same period in the prior year, the firm earned ($0.89) EPS. On average, sell-side analysts predict that Ouster, Inc. will post -2.2 earnings per share for the current year.
Insider Activity
In other Ouster news, CEO Charles Angus Pacala bought 50,954 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $9.79 per share, for a total transaction of $498,839.66. Following the purchase, the chief executive officer now directly owns 769,957 shares in the company, valued at $7,537,879.03. This trade represents a 7.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Darien Spencer sold 14,869 shares of Ouster stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.69, for a total value of $144,080.61. Following the completion of the transaction, the chief operating officer now directly owns 291,718 shares in the company, valued at approximately $2,826,747.42. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,415 shares of company stock worth $748,620 in the last three months. 7.81% of the stock is owned by insiders.
Institutional Trading of Ouster
A number of institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Ouster by 6.6% during the fourth quarter. Rhumbline Advisers now owns 79,191 shares of the company’s stock valued at $968,000 after acquiring an additional 4,900 shares during the period. Legato Capital Management LLC lifted its holdings in Ouster by 16.3% during the 4th quarter. Legato Capital Management LLC now owns 65,860 shares of the company’s stock valued at $805,000 after purchasing an additional 9,228 shares during the last quarter. SG Americas Securities LLC boosted its position in Ouster by 19.9% in the fourth quarter. SG Americas Securities LLC now owns 19,652 shares of the company’s stock valued at $240,000 after buying an additional 3,261 shares in the last quarter. Barclays PLC grew its stake in Ouster by 280.6% during the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock worth $361,000 after buying an additional 42,267 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ouster by 6.8% in the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after buying an additional 62,202 shares during the last quarter. 31.45% of the stock is currently owned by institutional investors.
About Ouster
Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.
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